The rupee managed to recover modestly against the dollar on Saturday in the process of trading, money experts said. The rupee recovered 10 paisas against the dollar for buying and selling at Rs 116.50 and Rs 116.80 respectively, and it also managed to pick-up five paisas versus the euro for buying and selling at Rs 142.75 and Rs 144.25 respectively, they added.
In the final NY trade, the dollar was little changed against a basket of"It had looked to many investors that the world was headed for a trade war and an escalating risk of war in Syria," Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York, said in a note.
"But now it seems less clear," he said. The prospect of Western military action in Syria hung over the Middle East but there was no clear sign a US-led attack was imminent. "We are seeing really tight trading bands," said Michael Diaz, head of FX for foreign exchange service XE, in Orange County, California.
While Syria-related worries might have subsided a little, "we are really looking for some geopolitical certainty," said Diaz.

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Open Bid       Rs.116.50
Open Offer     Rs.116.80
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